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Albany Office/Retail Building For Lease
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145 Central Avenue, Albany, NY 12206

34,132 SF office/retail building with parking in Albany, NY.

Property Size34,132 SF
Days on Market129

Property Features for 145 Central Avenue

General Information

Standard status Active
Size 34,132 SF
Property subtype Office
Listing Agency: CBRE | Albany
Listed By: Kyle Rueckert · License #10301211707
Source: Cbre
Added: Mar 25 Changed: Jul 10 Last Checked: Jul 30 at 4:16PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Albany

Investment Insights

Based on property information with market context.

This property offers approximately 34,132 square feet of office and retail space available for lease in Albany, NY. The building features approximately 18,000 square feet of improved office space on the first floor, along with approximately 16,000 square feet of lower-level storage space. A gated parking lot with approximately 50 spaces is located at 106 Central Avenue. The main floor includes 6-inch raised flooring throughout. The building is equipped with one freight elevator. The property is situated on Central Avenue (Route 5) between Lexington and Robin Streets, a primary commercial thoroughfare. It is located approximately 354 feet from the Central Ave and Lexington Ave CDTA bus stop, which services routes 1, 803, and 807. The AADT traffic count is 15,831.

Key Highlights

  • Large ±34,132 SF office/retail building suitable for various uses.
  • Benefit from ±18,000 SF of improved office space on the first floor.
  • Enjoy the convenience of a ±50 car private, gated parking lot.

Property Analytics

Current Use

NEW YORK PRISON ... Government Office Hvac Associates LLC General Contractor

Suggested Use

Top Pick Acupuncture Skin Care Clinic (Bike/Boat/Book/etc) Store Electrical Service Carpet & Flooring Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,825
Businesses Nearby

Demographics for 12206, NY

17,219
Population
8,641
Households
2
Avg Household Size
32
Median Age
26%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
8,200
Density / Sq Mi
$38,931
Median Household Income
$28,087
Median Earnings
$1,189
Median Rent
$162,300
Median Home Value

Market

Lease Benchmarks for Albany, NY

$16.26 /SF/Yr
Avg Asking Price
$0.52–$22.66 /SF/Yr
Price Range
79,894 SF
Avg Space Size

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office building - 34,132 SF office/retail building with parking in Albany, NY.
Where is this office building located?
The property is located at 145 Central Avenue Albany, NY.
What are key features of this property?
This property features: Large ±34,132 SF office/retail building suitable for various uses.; Benefit from ±18,000 SF of improved office space on the first floor.; Enjoy the convenience of a ±50 car private, gated parking lot.
More about this property
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